Jul 28, 2017
Cessation of Appointment of Non-Executive and Independent Director (Mr Bobby Chin)
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Jul 28, 2017 18:11 |
| Status | New |
| Announcement Sub Title | Cessation of Appointment of Non-Executive and Independent Director |
| Announcement Reference | SG170728OTHRMZ2G |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of the appointment of Mr Bobby Chin Yoke Choong as a Non-Executive and Independent Director on the Board, as Chairman of the Audit Committee and as a member of the Nominating and Remuneration Committee. |
| Additional Details | |
| Name Of Person | Bobby Chin Yoke Choong |
| Age | 65 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/07/2017 |
| Detailed Reason (s) for cessation | Mr Chin has served as a Non-Executive and Independent Director of Frasers Centrepoint Asset Management Ltd. ("FCAM"), the manager of Frasers Centrepoint Trust, for more than 10 years and is stepping down as part of the board renewal process. The Board expresses its appreciation to Mr Chin for his dedication and invaluable contributions during his tenure of his service. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 03/04/2006 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 3 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Non-Executive and Independent Director, Chairman of Audit Committee and Member of Nominating and Remuneration Committee |
| Role and responsibilities | As above |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | No |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Deemed interest in 100,000 units in Frasers Centrepoint Trust |
| Past (for the last 5 years) | Please see attached |
| Present | Please see attached |
28 Jul 2017 | PDF 10,654 kb
